East Greenwich Housing Market Update October 2016
The East Greenwich RI housing market October 2016 has slowed down in home sales as the weather of the fall months is upon us. East Greenwich real estate sales are down by 7% but pending home sales are up 21% over the prior month. Buyers are still out searching for the property that fits their needs and are particular in this community.
Home inventory in East Greenwich enables the well appointed RI real estate home to easily stand out to buyers right now. This is a great time to market and sell your ‘ready to sell’ East Greenwich home with the good weather here. Home buyers are looking for homes earnestly in all price ranges.
The first ten months of this year have shown a 7% increase in home sales as compared to the same period in 2015. Home sold values in 2016 have decreased by 1% over the first ten months of 2015. It is the over $400,000 market and under $800,000 that is selling in bigger numbers now. Yet the under $400,000 home that is rightly priced is lacking inventory in this market.
East Greenwich is a suburb of the city of Providence, commuting distance to the big city and top rated East Greenwich public schools draws the home buyers here. This market’s strong yearly trend in single family home sales indicates a better recovery for housing here this year.
How is the East Greenwich home sale market doing this month:
Active homes on the market: 106 (7% less than prior month)
Average list to sales price: 97% (97% in the prior month)
Average home sale price: $510,000
Median home sale price: $496,000
Pending Homes: 17 (21% over the prior month)
Single family Sold Homes: 13 ( 1 less than prior month)
Days on Market before Pending Sales Contract: 106
Highest priced home sold this month was for $965,000 in the Westwood Farms neighborhood.
This month 13 single family homes sold as follows: 3 homes sold for less than $300,000, 0 homes sold between $300,000-$400,000, 10 homes sold between $400,000 and $1 million and no homes sold over $1 million. The average square foot cost of a sold East Greenwich home averages $190 this year.
East Greenwich RI Home Sales October 2016
So far in 2016, 185 single family homes have been sold with an average sale price of $457,000. In 2015 for the first ten months, 173 homes sold with an average sale price of $463,000. The homes sold market has increased by 7% this year over last year year to date.
Why do people move to this community of East Greenwich RI? Within Kent County this suburban town is noted for fine homes, great public schools, being near shopping malls and there is easy highway access. Its closeness to the Providence airport and the capitol of RI makes East Greenwich a choice town for commuters.
Considering Relocating to East Greenwich? Find out why so many home buyers choose it. A variety of neighborhoods from country estates to condos on Main Street is so appealing to East Greenwich real estate buyers. Noted for its choice of restaurants outside of Providence as well as marinas for boating enthusiasts.
Interested in homes for sale in East Greenwich? As an East Greenwich RI real estate specialist, I provide you insight, neighborhood information and choices for your next move. Let me do a more in depth analysis into what is happening in the market at your price point as well as surrounding towns.
Here are the most current East Greenwich homes for sale under $800,000:
This is the right time to reach out to me, Ginny Gorman, East Greenwich real estate agent, at 401.529.7849 or email me at ginny@RiHouseHunt.com. Let me discuss listing your East Greenwich house for sale, developing a solid marketing plan and getting it show ready to sell. The real estate market is here for buyers and sellers!
This East Greenwich RI Housing Market October 2016 real estate information is the most current for buyers, sellers and homeowners.
When you are in need of a top selling East Greenwich real estate professional and specialist for your buying, selling or relocating RI real estate home needs, call Ginny Gorman. An internet savvy East Greenwich real estate agent & marketer who successfully lists and sells RI houses at top prices in this RI real estate market call Ginny at 401.529.7849 or email me at ginny@RiHouseHunt.com.